Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Large Growth in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 89,100 shares, a growth of 34.2% from the November 15th total of 66,400 shares. Based on an average daily trading volume, of 192,600 shares, the days-to-cover ratio is presently 0.5 days.

Franklin Limited Duration Income Trust Stock Down 0.4 %

Shares of NYSEAMERICAN FTF traded down $0.03 during midday trading on Friday, reaching $6.69. 206,539 shares of the company were exchanged, compared to its average volume of 191,619. Franklin Limited Duration Income Trust has a one year low of $6.08 and a one year high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.0615 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.74 dividend on an annualized basis and a yield of 11.03%.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTF. Virtu Financial LLC acquired a new position in Franklin Limited Duration Income Trust during the 3rd quarter worth about $108,000. Jane Street Group LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the third quarter worth approximately $130,000. Stifel Financial Corp lifted its stake in shares of Franklin Limited Duration Income Trust by 17.1% in the third quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock worth $120,000 after acquiring an additional 2,633 shares during the period. Encompass More Asset Management bought a new stake in Franklin Limited Duration Income Trust in the third quarter valued at approximately $577,000. Finally, Penserra Capital Management LLC acquired a new stake in Franklin Limited Duration Income Trust during the 3rd quarter valued at approximately $7,646,000.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.